THE SCHEDULE
Regulation 18
Investment Limits
Description
Percent of Singapore Insurance Fund Assets %
(1) Subject to the sub-limit in item (2) , the admitted value of investment in equity shares, preference shares, subscription rights and share warrants
35
(2) The admitted value of investment in shares of the Stock Exchange of Singapore Dealing and Automated Quotation market and unquoted shares
5
(3) The admitted value of direct investment in property and property shares, provided that where an insurer owns an office building whose value exceeds this limit, the full value of the office building shall be admitted and any other property owned shall then be omitted
20
(4) The admitted value of investment in foreign currency-denominated and overseas assets
20
(5) The admitted value of investment in unsecured loans
10
(6) Subject to the sub-limit in item (7), the admitted value of investment in loans to and securities of any one company or group of companies related to one another
5
(7) The admitted value of unsecured loans to any one company or group of companies related to one another
(8) Subject to the sub-limit in item (9), the admitted value of deposits placed with any one approved financial institution or group of approved financial institutions related to one another
15
(9) The admitted value of deposits placed with any merchant bank or finance company
5
(10) The admitted value of outstanding premiums and agents’ balances (in respect of general business only)
12½ of written premiums.